Subprime mortgage crisis correlation with Bush administration?

[youngbono18]

Uh.... wow... UNEDUCATED IDIOTS!

The housing crisis was caused by the "Community Reinvestment act" Brought on by Bill Clinton and Jimmy Carter.

look it up.

[dalecampbl7]

@youngbono18 wow, you're an idiot, this was caused by deregulation, both GOP and Dems share the blame, but more on GOP

[youngbono18]

@dalecampbl7

oh really? Im an idiot? clearly you have not done any real research. Have you read the community re-investment act? NO, guarantee you have not.

The democrats are FAR more responsible then the GOP, any idiot with half a brain can figure that you.

Both parties are trash though, thats why I am a proud member of the Libertarian party.

Get an education child.

[lisabob22]

@youngbono18 the FED said that the CRA had very little to do with the housing bubble. It was mostly caused by private mortgage companies and securitizing loans by Wall Street. The FED said Freddie and Fannie had about 17% of the subprime market. And the over quadrillion $ in derivatives were the real problem and Wall Street did that all by itself. Google" quadrillion dollars in derivatives' to check it out for yourself

[omegamanxxx]

@youngbono18

Aw look another Ayn Rand disciple. I bet you loved Alan Greenspan and his deregulation agenda. It was Mr. Greenspan and his libertarian agenda that led to the financial collapse more than anyone else. Less than 17% of sub-prime can be correlated to the CRA and those are verifiable facts my friend. Again what does sub-prime and credit default swaps have to do with CRA. Speaking of deregulation, what happened when energy and the airlines were deregulated . Hmm....

[dalecampbl7]

you are a sad waste of biological cells

[youngbono18]

@dalecampbl7

oh really? I have a bachelors in political science and currently work for the Governor in Salt Lake City....

Let me guess... your on welfare and have a high school diploma.

I ask again, have you ever read the Community re-investment act?

NO

pathetic,.

[dalecampbl7]

@youngbono18 yeah justl ike 80% of all college graduate who have a "poli-sci" degree and can't do math, i have a degree in engineering and a law degree from a top 10 law school. but it's okay even if you don't know science or like math, because it's guys like you who will work their way up the govenremnt and then ruin it with lack of insight.

[Wavanova]

@youngbono18 LolUtah.

[omegamanxxx]

@youngbono18

You have no clue do you? What did the CRA have to do with sub-prime mortgages originating from Cali. The CRA had higher lending standards than sub-prime lenders like Ameriquest etc.. Did the CRA twist bankers arms to give zero interest loans, no doc loans, exotic ARMs etc. How about credit default swaps or financial derivatives stamped as triple A credit. Talk about uneducated. The whole financial system was rigged to benefit the few.

[youngbono18]

@omegamanxxx

Oh cry me a river, build me a bridge, and get the FUCK OVER IT!

[maybenkey]

The Bush Administration announced wanting to set up a regulatory commission on Fannie Mae and Freddie Mac in late 03 or early 04! It's front page on the NY Times! Anything else you fools want to blame on BUSH?

[maybenkey]

The responders have "Rectal cranial inversion!" Why dot you people find out when this speech took place? Check histoy on the Bush Administration!!!!!! You can even find a NY Times story where nearly the entire front page is covered with the headline "Bush Administration Proposes Regulatory Commission For Fannie Mae and Freddie Mac! I think it was late 2003 or first part of 2004! Liberals trying to find a way to hang Bush out to dry for a Demo"CRAPS" disaster!

[Pacorrozz]

I recomnend you watch The Money Masters 1/22 video. This video explain who owns the Federal Reserve, why the crisis hapen and more. You can find this easy.

[ourearthhome]

Encouraging home ownership by tax and financing program subsidies is ill conceived policy because it draws in capital investment that would have been better used elsewhere (like in the industrial sector). Periodically the artificial profitability of real estate draws in speculators who feed off the ill informed thus driving up prices defeating the original intent of making homes more affordable. The inevitable bust in housing prices was predicted, predictable and perhaps intentional.

[coolsoftware11]

Bush is an IDIOT!

[CambrianExplosion2]

This was a bi-partisan disaster, which you unfortunately have to read 2 newspapers to realize. But it makes logical sense. In the housing boom years, how many people would want to go on record opposing helping more minorities owning homes? Democrats? No. Even few Repubs want to be called a racist.

This is multi-racial democracy. Each race vies for extra resources, and politicians vie for their votes by giving it to them. Immigration to the US needs to stop, or you can expect it to get worse.

[CambrianExplosion2]

The New York Times reported on this a few weeks ago: "White House Philosophy Stoked Mortgage Bonfire". Read online. On pg 3 you find: "And he pushed to allow first-time buyers to qualify for federally insured mortgages with no money down. Republican Congressional leaders and some housing advocates balked". Also read the Wall Street Journal: "Housing Push for Hispanics Spawns Wave of Foreclosures" about the congressional hispanic caucus (mostly democrats) pushing for easy lending to minorities.

[coolsoftware11]

It wasn't easy. So many forclosed because Neocons aka Republicans wanna bigger tax-cut for the rich and bailout of the wall St. as if they were ready to give away buillions to the crooks instead to creat jobs starting with the healthcare reforms. Repubs blocked everything that would have helped THE PEOPLE.

[JesseDestructo]

lol black people started buying homes and our economy crashed lol thats basically what this video is saying lol wtf...racist :)

[MLDJHF]

ja , dat is de ' american dream he? iedereen een eigen huis ongeacht je achtergrond en je toekomstige voorgrond ;) of je nu arm of rijk bent. geen apartheid maar dus gewoon gelijkheid. best goed van bush! niet dan? " equality!! ;D

[zilverenmist]

Fannie Mea, Freddie Mac, initialen FM, laat dat nou voor Federal Morgage staan. Dus de toekomstige huiseigenaren gaan de oorlog van Bush betalen.

[AzowRagbak]

ik heb hetzelfde soort filmpje. ook van rtlz kijk maar eens op mijn pagina.. je mag ook alles downloaden wat je wil gebruiken voor eventuele nieuwe video's. :) Groeten uit het oosten.